Cyprus banks must ringfence Greek risk: central bank headReutersThe euro zone minnow became the fifth casualty this week of the debt crisis that began in Greece and has spread across the euro zone, applying for emergency funds to help support local banks crippled by their losses on Greek bonds. In his first public ...

World stocks outlook tempered by euro zoneReutersLONDON (Reuters) - Persistent fears about the euro zone's future and an increasingly subdued global economy will restrain further advances for the world's major stock markets, according to Reuters polls.

Oil Futures Drop Again on Renewed Fears About Euro ZoneWall Street JournalNEW YORK--U.S. oil futures tumbled sharply Thursday on renewed fears that this week's euro-zonesummit would again fall short of resolving the crisis. Nymex oil futures settled at $77.69 a barrel, down $2.52, or 3.1%. The fall came as European leaders ...

Euro-Zone Confidence WeakensWall Street JournalBusinesses and consumers in the 17 countries that use the euro became more pessimistic about their prospects in June as the currency area's fiscal and banking crisis deepened, with sentiment weakening significantly in France, Germany and the ...

3 Leadership Lessons From The Euro CrisisForbesGerman Chancellor Angela Merkel arrives prior to an European Council at the Justus Lipsius building, EU headquarters in Brussels (Image credit: AFP/Getty Images via @daylife) It might be no surprise that today's EU summit is exposing even more ...

Brent oil falls on euro zone worryCNBC.comLONDON (Reuters) - Brent crude oil slipped on Thursday, as investors waited for the outcome of aeuro zone summit that many expected would do little to address a festering debt crisis in the continent.

EU to Mobilize €120 Billion for Growth MeasuresFox BusinessEuropean Union leaders meeting Thursday were set to commit to a growth pact worth 120 billion euros ($149.8 billion), including a boost in the capital of the European Investment Bank of EUR10 billion, as well as finalizing a plan to strengthen the euro ...

Euro Crisis Threatens Global Security - The National InterestBy Steven Grundman, A. J. WilsonWhile we are hardly yet at the brink of Yeats's apocalypse, the financial crisis is rapidly weakening the hold of European institutions on countries on the EU periphery. By calling into question the sixty-year momentum of European unity, the ...The National Interest

Eurozone Entering Danger Zone - Business InsiderBy Matthew BoeslerTitled No Getting Away from the Eurozone Crisis, the report walks through recent developments in sovereign ratings and trends that have been followed closely by the market and reported extensively in the media this year. Right away, the ...Business Insider

The contagion of the European Union and banking debt – 20 ...By mybudget360The contagion of the European Union and banking debt – 20 European Banks have liabilities above 50 percent of their home country GDP. Why an EU FDIC is highly unlikely in the short-term. The crisis in Europe is boiling over yet again.My Budget 360

- Alpha.Sources - The Eurozone Doomsday Machine of AusterityBy CVInteresting perspective on the effect of fiscal contraction in the eurozone by Econbrowser. I guess it makes sense. If the multiplier at the zero bound is high for positive spending it should be equally high (with a negative sign) if fiscal spending is ...Alpha.Sources

Euro Zone Crisis: Why Put a Dog "In Charge of the Sausages - Care2By Kristina ChewExpectations for Thursday and Friday's euro zone summit in Brussels became quite a bit dimmer -- became pessimistic -- on Wednesday after German Chancellor Angela Merkel, in a speech to the Bundestag, the German Parliament, said that ...Care2 Causes

EU summit: Live blog | The WorldBy FTUnexpectedly, senior officials from all 17 eurozone finance ministries met on the sidelines of the summit to weigh emergency plans for Rome and Madrid, which focused on using the rescue fund to buy Italian and Spanish bonds to reverse the ...The World

Forex - AUD/USD higher but euro zone concerns linger By ForexprosBy ForexprosForexpros - The Australian dollar rose to a one-week high against its U.S. counterpart on Thursday, as market sentiment remained supported by Wednesday's positive U.S. economic data, but investors were cautious as a key European summit ...Forex Pros RSS News Feed | Forex News